Hello! Thanks for the kinds words.
Regarding Kyra and that she should drop more gear, We thought about this however we must take this into accountant that Kyra is not the last boss we'll ever make. She is perhaps only the first of many to come. And in its full, all new world bosses will have the same type of gear dropping. "1x Wrathful / 1x Tier 10.5 and X amount of honor tokens"
These bosses are to help gear progression. And we need to assure it's still gonna be hard to get gear so the server does not lose its Progression Rates.
She will also have a respawn timer of 24 hours to 48 hours <- Most likely 48 hours. Making her a thing which can be fought frequently, so in its full i believe her drop rates are rather balanced correlating to every other factors/aspects of her. We will of course take this further into consideration and re-evaluate if we need to add more loot to her or not.
(Difficulity is 15 to 20 players)
Can be defeated with 15 if tactics are known and mastered

Cruel-WoW is releasing it's first World Boss on the Latest Version of Campfire!
Stand ready to fight this epic battle.
Kyra drops the following items
- Honor Token 25x
- Wrathful Gloves 1x
for a random class
- Tier 10.5 Gloves 1x
for a random class
She has unique mechanics, abilities and phases. A more detailed Forum Post will be made to explain this topic

Random Lich King Dungeons (Normal)
Will now reward 7 Honor Tokens
You will also recieve 14 Gold 80 Silver
in addition to those who drop already from the bosses "We are adding more dungeons to the list" Currently only FoS , PoS and Halls are dropping tokens on bosses.
You will recieve 5 Honor Tokens in the upcoming Dungeons after the first initial Dungeon run.
Random Lich King Dungeons (Heroic)
Will now reward 15 Honor Tokens
You will also recieve 20 Gold 20 Silver
in addition to those who drop already from the bosses "We are adding more dungeons to the list" Currently only FoS , PoS and Halls are dropping tokens on bosses.
You will recieve 7 Honor Tokens in the upcoming Heroics after the first initial Heroic run.

Forge of Souls, Pit of Saron and Halls of Reflection has been changed in terms of loot.
We added the drop chance of [Honor Token]
- Increase your Honor by 185+ - [Per token]
Normal Mode will reward
1x to 5x from every boss!
Heroic Mode will reward
5x to 10x from every boss!

No, by all means i would never do that. This is a new core and thus new character database. I still have all of your characters available on v1.
But for v2 you won't be able to use old characters. Simply because the gear progression system would be useless if we transferred fully heroic/wrathful geared characters.